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		[Minutes of a Meeting of Directors
		held at Exchange Hotel 28th Sept.
		1953 at 4 p.m.]

		Present Mr. E. Green in the chair
		and all other directors.

		It was agreed that a temporary
		honorary Secretary be appointed
		for the purpose of recording the
		minutes of this meeting.

		Mr. J. C. Sharp was appointed.
		The following resolutions were
		passed.

	(1)	That Mr. C. S. Britton be re-engaged
		as General Manager of the Company.

	(2)	That his contract be renewed
		for the term of five years from
		the 9th day of October 1953.

	(3)	That the remuneration of the General
		Manager shall be the annual
		salary of £3000 payable by
		12 equal instalments on the
		9th day of every month, the first
		of such payments to be due
		on the 9th day of November 1953.

	(4)	That clause 6 of the present
		agreement be deleted.

	(5)	That clauses 1, 2, 4, 5, 7, 8, 9
		remain as in the present agreement.

	(6)	That should Mr. C. S. Britton accept
		these terms Messrs T. S. Smith & Son
		of 7 Harrington St. Liverpool be
		authorised to draw up a new
		form of agreement in accordance
		with the above resolutions viz. 2, 3, 5.